The calcined petroleum coke industry is a rapidly growing sector with a variety of applications. Learn about its uses and cost per ton. Find out the regional market share. Also, get an overview of the competitive landscape. Listed below are some key market statistics. These data can help you decide which suppliers are right for your project.
Calcined petroleum coke (CPC) is an industrial by-product produced from the coker process used in oil refineries. This fuel provides a high level of carbon that is essential in many metallurgical processes. Typical applications of CPC are in the production of graphite electrodes, carbon paste products, diamond sand, and food-grade phosphorus.
CPC is produced using rotary kilns, similar to those used in the cement industry. These kilns have steel shells lined with high-temperature refractory brick and range in size from 2.4 to 4.4 m in diameter. They are inclined and slowly rotate, moving the coke through. The calcined coke typically exits the kiln at a temperature of 1200 to 1350 degC. The process also involves direct quenching of the coke with water in a rotary cooler.
The cost of calcined petroleum coke production is largely dependent on its demand. In recent years, it has become a more economical alternative to coal as the demand for energy increases in winter season. This has resulted in a drop in the price of Petroleum Coke.
The main industries using calcined petroleum coke are electrode manufacturing and aluminum production. It is also used in electric arc and induction furnaces. Demand for this product is expected to increase with rising industrial production, especially in emerging regions. However, a ban on coal mining and fluctuations in crude oil prices may hamper its growth.
Petroleum Coke prices typically fluctuate, with the price in the Chinese market often serving as a bellwether for the global market. In December, the London Metal Exchange aluminium price was steady at around $2,700/t, though it rose towards the end of the month to nearly $2,800/t, its highest level since early 2011. On the other hand, prices in the US Gulf of CPC were only 21pc above the average LME price in November, one percentage point below the high of March 2018. If the price of aluminium remains around current levels, this could put a lot of pressure on coke prices.
The global market for calcined petroleum coke is consolidated and highly concentrated geographically. Nearly 80 percent of the global supply is shipped to China and Japan. The US market is smaller, so niche applications have greater demand. Additionally, calcined petroleum coke is subject to environmental regulations and must be stored under cover, which can be costly.
The calcined petroleum coke market share in Asia Pacific is expected to reach 40% by 2021. Rising population and investments in infrastructure are driving demand for petroleum coke in this region. In addition, the steel sector is growing rapidly in countries such as India. As such, this region is expected to have the largest share of the global market by 2021.
Several major players in the calcined petcoke industry are included in this report, which include suppliers and buyers. The report also covers key market drivers and restraints and offers detailed analysis of the calcined petcoke market share. In addition, Porter's five forces analysis provides an understanding of how buyers and suppliers influence market share.
There are many players operating in the calcined petroleum coke market. The market is driven by the rising demand for petroleum coke and the increased supply of heavy crude oils. Other factors affecting the market include stringent regulations, varying standards, and increasing competition. The global calcined petroleum coke market is expected to grow at a healthy pace in the next few years.
The study provides a comprehensive overview of the Calcined Petroleum Coke market and its competitive landscape. The report also identifies emerging segments and countries with high growth potential.
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